CBRE|Hubbell Commercial is pleased to exclusively market for sale 204 Jewel Drive, a 16 unit / 44 bed apartment community located in Ames, Iowa. The property is conveniently located near Highway 30 and I-35, and is less than 10 minutes SE of Iowa State University, a Tier 1, Power 5 university with student enrollment near 35,000. Ames is just 30 miles north of Des Moines, Iowa’s state capital and largest population and business center.
204 Jewel is a three-story building that offers an ideal mix of two, three and four bedroom floor plans that cater to both the student and non-student population. The three and four bedroom units are split-level with private entrances. The two bedroom units are located on the top floor. Each unit has its own individual gas forced air furnace and central air conditioning system. The current owner provides Internet, Cable, Trash, and a membership to Ames Racquet & Fitness. Tenants are responsible for Electric, Gas, Water and Sewer. Each unit has its own in-unit washer and dryer.
Professional property management is currently in place, and an investor may elect to retain the property management team, if desired. The property is 100% leased for the 2018/2019 school year.
